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MoneyGram Foundation Joins First Book to Boost Literacy in LA

September 8, 2016 | Press Release

Día de los Libros celebration and book donation event is designed to inspire young minds

LOS ANGELES, Calif. (Sept. 8, 2016) – MoneyGram (NASDAQ:MGI), a leading global money transfer and payment services company, is excited to announce a celebratory literacy event as part of a collaboration between the MoneyGram Foundation and U.S.-based nonprofit organization First Book.

The event, timed to celebrate the 20th anniversary of Día de los Libros (Children’s Book Day), will include the donation of $2,000 to the Exposition Park Branch of the Los Angeles Public Library for the purchase of books. The celebration, which marks the second of a four-event series held across the U.S. in Dallas, Los Angeles, Miami and New York City, is part of a larger program that includes the donation of $20,000 in grants for books to schools across the U.S. with First Book.

“We’re very excited to work with First Book to not only bring resources to communities in need, but to also generate excitement around Día de los Libros and help instill a passion for literacy,” said Pamela H. Patsley, MoneyGram’s executive chairman. “Through this donation, and through others across the U.S. this summer, we are truly celebrating and supporting the crucial role literature can play in a child’s life with First Book. It is an ideal program for our mission of inspiring minds and improving lives.”

The event will be held at Martin Luther King Jr. Park, and will include members of the community, students from local schools, and representatives from the MoneyGram Foundation, First Book, and Exposition Park Branch. Refreshments and other donations will be provided by Kinecta Alrenative Financial Solutions (NIX).To further increase excitement among attendees and establish a connection between reading, sports and success in life, famed soccer player Braulio Luna will be in attendance to sign autographs. A futbolero also will join in the festivities.

“First Book is committed to providing vital learning resources to children, and we’re excited to supply educational, culturally relevant reading materials to inspire children and families living in the Los Angeles area,” said Kyle Zimmer, president and CEO of First Book. “Through supporters like the MoneyGram Foundation, thousands of communities across North America have received more than 145 million free and low-cost books through First Book, and we’re thrilled to reach more children. Every book donation helps.”

The MoneyGram Foundation and First Book plan to hold similar events in Miami and New York City in the coming weeks. It is the MoneyGram Foundation’s intention to bring the program not only to these additional cities – but also to countries all over the world. With a platform of inspiring young minds, the MoneyGram Foundation believes that education leads to a better livelihood and increased prosperity in the long term – not just for the individual child, but also for entire families and their communities.

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